Adani Australia has been ordered to pay $106.8 million to four coal companies over a contractual dispute regarding access and terminal handling charges for the Indian business group’s Abbot Point coal terminal in North Queensland, local media reported.
In a judgment released by the Queensland Supreme Court in Brisbane late on Thursday, the court found that Adani had not offered “reasonable charges” for access to the port between July 2017 and July 2018, Australian Financial Review reported.
In 2016, a Rio Tinto-owned company, Queensland Coal, had negotiated an agreement to assign its rights to export coal from the port to Adani’s mining arm from 2022, for which Adani had been paid a total of $255 million by Queensland Coal.
